Trump says the economy ‘went to hell’ under Biden. The opposite is true
Trump says the economy ‘went to hell’ under Biden. The opposite is true
By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape
Summary
Donald Trump claims he inherited an economic disaster from Joe Biden, but key economic data contradicts him.
When Biden left office, unemployment was 4.1%, inflation had dropped to 2.9%, and GDP growth was strong. Job growth under Biden outpaced Trump’s tenure, and manufacturing saw major gains.
While inflation spiked due to global events, the economy remained resilient. Wall Street performed well under Biden but has struggled under Trump’s tariff policies.
Economists widely reject Trump’s narrative, calling Biden’s economy one of the strongest post-pandemic recoveries.
Yeah it usually takes two terms to right the plane and we barely got to level and we are pushing full throttle toward the ground again. This time trump has no real elevation increase to take advantage of.
Facts don't matter if half the population hangs on his every word.
Did the gap between rich and poor grow, shrink, or stay the same under Biden? Definitely going to grow under Trump.
This is it. GDP alone tells a very small part of the picture. It shows the health of the economy as a whole.
A much better picture would be median net worth.
Something like this...
All we need to do to stop Republicans from winning is make that purple line go up...
But a neoliberal like Hillary, Biden, or Harris won't do it
So poor people vote for the liar that says he'll try to fix versus the liar who says everything is fine.
If you've voted in the last three presidential elections, you most likely weren't voting for anything, you were voting against the other party.
It's not a sustainable political system when voters are presented with two shitty outcomes and told they have a choice.
This is the right question to be asking.
While Trump has no business claiming that he's better at handling thy economy than literally anyone, this constant defense from the centre-left that "Actually the economy was great under Biden" is asinine and stupid. The economy under Biden was only great for the wealthy. For a lot of people life got steadily more expensive. That's not a sign of a healthy economy.
I doubt it shrank. The wealth gap has likely only grown since Reagan at least.
Yeah, if I remember correctly it grows when there's a republican president and stays the same when there's a democrat in the white house. But I haven't seen the numbers for Biden. Basically there's a party of the status quo and one for making everything worse.
"The opposite is true" applies to most things Trump says.
Trump is lying for sure. Good for economists here.
Nothing ever is his fault /s
As the Leader of the 'Free' World, "I take no responsibility at all."
agreg thenks
Shocked I am.
The Narcissist’s Prayer: That didn't happen. And if it did, it wasn't that bad. And if it was, that's not a big deal. And if it is, that's not my fault. And if it was, I didn't mean it. And if I did, you deserved it.
“Trump said untrue thing! Hey! He can’t do that!” says everyone who’s allowed him to do that for 10 years.
Truth.